Chapter 15 Success Factors for High-Tech Start Ups: Views and Lessons of Israeli ExpertsSchaul Chorev and Alistair AndersonSuccess Factors for High-Tech Start Ups: Views and Lessons of Israeli Experts

Beyond the widely acknowledged importance of new business, the role of young exporting high-tech business in Israel and many other small economies is seen as vital for economic growth. Israel is small and geographically isolated from the main markets, suffers from security difficulties, but fosters a culture, which promotes knowledge rich new technologies. Thus, new ventures with leading edge technologies and prospects of high growth and profitability offer a means to achieve the national goal of economical independence. Internationally however, the high-technology sector has recently suffered badly from the bursting of the dot.com bubble and the crash of the Nasdaq.